ALICE SPRINGS NEWS
March 26, 2010.
We have received instructions to act for First National Real Estate
Framptons, and in particular to respond to your e-mail to our client of
23 March 2010. Please note that both Mr Forrest and Mr Doyle will be
interstate on Saturday 27th of March 2010, and accordingly will be
unable to attend at a group meeting on that day.
As indicated in our client's letter to various parties of 11 March
2010, our clients are willing to meet to discuss issues with affected
parties. We expect that each party's circumstances will need to be
fully and properly considered to ascertain individual situations and
consider what avenues are available to them, and what assistance our
client may be able to render. Our client does not consider a group
meeting will assist in that process and declines to participate in any
such group meetings.
Individual meetings with affected parties and their representatives can
be arranged through the writer (who will attend at such initial
meetings) to ascertain the status of the relevant construction, and
thereby to determine what steps are required to achieve completion.
This will then enable our client to consider how they may be of
assistance in this process. These meetings are to be conducted on a
without prejudice basis, and in light of current media commentary, will
be required to be confidential between the parties. A form of
Confidentiality Agreement required by our client is attached which will
need to be signed by all parties including spouses to provide mutual
obligations of confidentiality in relation to these matters.
Based on legal advice provided to our client, our client will not be
entering into any discussions relating to the various circumstances
giving rise to the current situation, however our client will be
genuinely concerned to examine and determine how they may be able to
offer support in the completion process.
Accordingly, we invite affected parties to contact the writer to
proceed on the foregoing basis should they wish to do so.
PEER SCHROTER | Lawyer Director
POVEY STIRK Lawyers & Notaries